Saudi
Arabia commercial vehicles market stood at around $ 3.4 billion in 2018 and is
forecast to grow at a CAGR of 4.9% during the forecast period to reach $ 4.2 billion
by 2024, on account of increasing use of commercial vehicles in logistics and
transportation sectors. Flourishing small and medium-sized enterprises are generating
huge demand for commercial vehicles in the country. Moreover, growing government
focus on the development of the country’s construction and tourism sectors in line
with the Saudi Vision 2030 policy is further anticipated to fuel demand for
commercial vehicles in coming years.
Years considered for this report:
Historical Years: 2014 – 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 – 2024
Objective of the Study:
- To
study Saudi Arabia commercial vehicles market scenario, which covers light
commercial vehicle, medium and heavy commercial vehicle and bus segments.
- To analyze and forecast Saudi Arabia
commercial vehicles market size.
- To classify and forecast Saudi Arabia commercial vehicles
market based on vehicle type, region, and company.
- To identify drivers and challenges for Saudi Arabia commercial vehicles
market.
- To identify market trends &
developments in Saudi Arabia
commercial vehicles market.
- To profile leading players operating in
Saudi Arabia commercial vehicles market.
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Some of the major players
operating in Saudi Arabia commercial vehicles market are Toyota Motors Corporation, Isuzu Motors Saudi Arabia
Company Limited, Mitsubishi Fuso Truck and Bus Corporation, Hino Motors
Limited, Ford Motor Company, and Hyundai Motor Company.
In order to perform the study, TechSci Research conducted primary as
well as exhaustive secondary research. Initially, TechSci Research prepared an
exhaustive list of commercial vehicle players operating in Saudi Arabia.
Subsequently, TechSci Research conducted primary research surveys, which
includes primary calls, email responses, etc., with the identified companies.
While interviewing, the respondents were asked about their major competitors. Through this technique, TechSci
Research was able to include companies which could not be identified due to the
limitations of secondary research.
TechSci Research
calculated Saudi Arabia commercial vehicles market size by using a bottom-up
technique, wherein commercial vehicle manufacturers’ volume sales data for
different vehicle types (light commercial vehicle, medium and heavy commercial
vehicle and bus) was recorded as well as forecast for future years. TechSci
Research sourced these values from industry experts and company
representatives, and externally validated by analyzing historical sales data of
respective commercial vehicle manufacturers to arrive at the overall market
size. Multiple secondary sources such as directories, company websites, company
annual reports, white papers, investor presentations and financial reports were
also studied by TechSci Research.
Key Target Audience:
- Commercial vehicle manufacturers and distributors
- Industry associations, organizations, forums and alliances related
to commercial vehicles market
- Government bodies such as regulatory authorities and policy makers
- Market research and consulting firms
The study is
useful in providing answers to several critical questions that are important
for industry stakeholders such as commercial vehicle companies,
distributors and policy makers. The study would also help them to target the growing
segments over the coming years, thereby aiding the stakeholders in taking
investment decisions and facilitating their expansion.
Report Scope:
In this report,
Saudi Arabia commercial vehicles market has been segmented into following categories,
in addition to the industry trends which have also been detailed below:
- Market, by Vehicle Type:
- Light Commercial Vehicles
- Medium Commercial Vehicles
- Heavy Commercial Vehicles
- Bus
- Market, by Region:
- Western
- Northern & Central
- Eastern
- Southern
- Market, by Company:
- Toyota Motor Corporation
- Isuzu Motors Saudi Arabia Company
Limited
- Mitsubishi Fuso Truck and Bus
Corporation
- Hino Motors Limited
- Ford Motor Company
- Others
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present
in Saudi Arabia commercial vehicles market.
Available Customizations: With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information: Detailed analysis and profiling of additional market players (up to
five).
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com